If the vote goes through today it will allow Mayor Eric Garcetti the ability to sign the Host City Contract / Bigstock

MARISSA FLANDERS
(USA) / Sports Features Communications

(SFC) The bid plan for the Los Angeles (LA) 2024 Olympic and
Paralympic Summer Games has been unveiled making public the layout of their $4.116 billion dollar budget for Organizing Committee Olympic Games (OCOG) costs. The Los Angeles City Council is set to vote today on going forward with the bid.

The proposal unites both the leadership
and people of LA in a desire to host the 2024 Games. LA 2024 has brought
together an experienced and collaborative
team to leverage the bid's public support, iconic venues, scale, and
infrastructure to elevate the Olympic Movement and the athletes.

The LA 2024 bid outlined total revenues at $4.827 billion with a $400 million contingency plan and a $150 million insurance policy.

Net revenues were estimated at $161 million. There is also a $1.7 billion estimate on non OCOG costs that would be collateral to running the Games.

In addition, the bid
plan is focused on the Olympic experience for the athletes and making sure to
host a fiscally responsible and compact Games. The
Athlete Village will be situated alongside the revitalized LA River, which puts
the athletes within 30 minutes of the five primary clusters (Downtown Cluster,
Hollywood Cluster, Valley Cluster, Coastal Cluster, and South Bay Cluster).

Moreover, LA has one of the most technologically sophisticated
and largest Transportation Infrastructures in the United States. This will allow for easy and quick travel
throughout the city during the Games. Sponsors will also be drawn to the world's largest media markets, and the city is the perfect atmosphere
for any sponsor.

Also, the International Broadcast Center (IBC) and Main
Press Center (MPC) will be located in NBCUniversal's Studio Lot's new office
and studio facilities. While the Opening and Closing Ceremonies shall be showcased from the reimagined Coliseum.

Not to mention, the overwhelmingly strong support from all
Angelenos for the 2024 bid. In their October
poll, 77% of the city's population supported the proposal, 85% said they would
remain in LA during the Olympics, and 50% of 18 to 34-year-olds said they would
volunteer for the Summer Games.

The LA 2024 bid book had one narrative that stood out, "Like the Olympic Movement, we believe anything
is possible. That if you can dream it, you can do it."

The city of LA has made the case that they are the perfect
choice for the United States Olympic Committee (USOC) as their official 2024
Olympic and Paralympic Games bid submission to the International Olympic
Committee.

** MARISSA FLANDERS is a graduate of Saint Leo University with a
Bachelor's Degree in Sport Business. She has over four years of writing
experience and has a real passion for ice hockey following the Pittsburgh
Penguins on her blog www.thepenshockeyshow.com.

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